Rakesh Ray

Company Overview: An integrated steel and power plant in Rourkela, featuring a 20 +42 MW power plant, a 6 + 8 MTPA pellet plant, a beneficiation plant, 3 x 100 + 2 x 650 TPD DRI, and a 12 x 3 MT induction furnace with CCM.

• Directly involved in the procurement of Shri Mahavir Ferro Alloys, Pvt. Ltd.
• Sourced new vendors to fulfill purchasing requirements, and enhance supplier diversity.
• Negotiated optimal pricing, payment terms, and delivery schedules with suppliers.
• Established and managed Annual Rate Contracts (ARCs).
• Negotiated a fixed-rate and discount-based agreement that minimized cost fluctuations and ensured supply continuity.
• Monitored supplier performance and conducted annual reviews to align with ARC.
• Conducted market research to identify potential suppliers and products, ensuring competitive options.
• Implemented systems to prevent overstocking and stockouts, minimizing production disruptions.
• Reviewed proposals for competitive pricing, quality, and lead times to secure advantageous agreements.
• Developed and executed strategic purchasing plans aligned with the company's objectives.
• Coordinated communication across departments regarding product availability and delivery timelines.
• Monitored the purchasing team's activities, providing guidance to improve performance standards.
• Create a forecast of demand to be prepared for upcoming requirements.
• Negotiating with the vendors for material procurement according to the company's GCC and SCC.
• Evaluation of the comparison sheet.
• Coordinating with the higher authorities of the company, ensuring statutory and company compliance.
• Vendor locating, registration, and evaluation.
• Implementing systems to avoid situations like overstocking or being out of stock, which cause production issues.
• Conducting training for vendors to educate them about the company's requirements, and help them improve their performance.
• Monitoring and advice for the purchasing team.
• Raise an inspection call for material and equipment.
• MIS preparation.
• Weekly Purchase Meeting coordination with all users (HOD).
• Weekly, we conduct a review of pending purchase orders and indents with our purchase team twice.
• Identified and realized cost-saving opportunities through strategic sourcing and procurement optimization.
• Ensured compliance with international and local procurement regulations and laws.
• Sourced new vendors for purchasing needs.
• Implemented efficient procedures for ordering materials from approved vendors.
• Conducted a performance evaluation of suppliers to drive continuous improvement.
• Developed and implemented strategic purchasing plans to meet the company's objectives.
• Managed and mentored purchasing department staff to enhance team performance.
• Identified systematic problems and root causes to resolve issues and improve service delivery.
• Coordinated communication between departments regarding product availability, delivery dates, and related issues.
• Oversaw vendor registration, evaluation, and performance monitoring for compliance.
• Developed procedures for efficient ordering from approved suppliers.
• Facilitated the reverse auction process to optimize purchasing outcomes.
• Reviewed proposals for competitive pricing, quality, and lead times.
• Prepared management information system (MIS) reports for procurement activities.
• Conducted market research to discover potential suppliers and products.
• Monitored purchasing team activities, providing guidance for enhanced performance.
• Utilized ERP systems for efficient management of purchasing processes.
• Prioritized and organized tasks to efficiently accomplish service goals.
• Managed time effectively to ensure tasks were completed on schedule, and deadlines were met.

Company Overview: A coal-based thermal power plant of 6 x 600 MW, totaling 3,600 MW, is located at Nariyara, Akaltara, Chhattisgarh.

• Purchase offshore and onshore materials for the power plant.
• Negotiating with the vendors for material procurement, while coordinating with the higher authorities of the company, ensures statutory and company compliance.
• Create a forecast of demand to be prepared for upcoming requirements.
• Review delivery orders to ensure supply is met, taking availability, cost, manufacturing process, and lead times into consideration.
• Taxation and accounting work.
• Vendor locating, registration, and evaluation.
• Internal and statutory audit coordination.
• Proper verification of vendor bills for submission to the accounts department.
• Preparing the daily OPI report and sending it to all concerned departments.
• Raise an inspection call for materials and equipment before dispatch from the vendor site.
• Developing reports on the procurement and usage of materials for top management.
• Insurance for offshore and onshore material.
• Procedures, Work Instructions, Forms, and Registers for MM.
• Inventory management offshore.
• Logistic planning for air cargo and shipping materials.
• Firming up requirements by interacting with the intending department.
• Analyze the vendor quote, and communicate the result to the indenter to determine the awarded vendor.
• Supplier assessment and conducting vendor audits at regular intervals.
• Determine and track cost savings as a result of source selection.
• Preparation of rate contacts and Annual Maintenance contracts.
• Generate an invoice for imported cargo and bill the owner as per the contract breakup.

Company Overview: At Sterlite Energy Limited (Vedanta Aluminum), Jharsuguda, Odisha, the capacity is 600 x 4 MW - 2400 MW IPP and 135 x 9 MW CPP Power project.

• Coordinated offshore shipment logistics for bulk, container, and air cargo deliveries.
• Purchased offshore and onshore materials for power plant operations.
• Negotiated procurement terms with vendors while ensuring compliance with company regulations.
• Created demand forecasts for upcoming material requirements.
• Reviewed delivery orders considering availability, cost, manufacturing processes, and lead times.
• Managed vendor registration, evaluation, and ongoing relationships.
• Executed customs clearance for offshore shipments, and air cargo documentation.
• Oversaw taxation and accounting functions related to procurement activities.